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Charter rates nearly doubled in recent days and are up fivefold since the start of the year.
The AUD/USD reversed its course, climbing some 0.61% on Wednesday as the US Dollar remains on the backfoot due to an improvement in market mood, sponsored by solid US economic data. At the time of writing, the pair trades at 0.7077, poised to end near the day’s high.
TOPSHOT – A saleswoman adjusts gold jewellery for sale at a shop in Lianyungang, in China’s eastern Jiangsu province on December 24, 2025. (Photo by AFP via Getty Images) / China OUTStr | Afp | Getty ImagesThis year’s hottest trades — gold, silver and South Korea — are down big amid fears the war in Iran could go on for longer than expected. Here are the moves. Gold prices slide: Spot gold was last down more than 5% to $5,041.81 per ounce, with gold futures dropping 5% to $5,049. They’re still up more than 16% this year. Silver prices tumble:…
Retail Prop Trading for U.S. Traders Retail Prop Trading I was watching a news program recently when I saw an advertisement for a proprietary trading firm. It immediately made me wonder: Is retail prop trading really suitable for U.S. traders? Anyone who has traded global markets understands there is no free lunch in trading. Success requires not only skill, but discipline to survive, let alone thrive in the challenging world of retail trading. For anyone in the U.S. (or elsewhere) considering signing up for a retail prop trading challenge, it’s essential to go in with eyes wide open.…
Investors are failing to grasp the enormity of the fallout from U.S. and Israel attacks on Iran, says this energy expert.
Rabobank’s Molly Schwartz notes that Europe faces renewed energy security risks as Middle Eastern LNG reliability deteriorates following QatarEnergy’s production halt. TTF prices have surged to their highest level since early 2025, and Rabobank’s Energy Strategists warn that a full removal of Qatar from LNG supply could push European gas prices back toward 2022 levels, significantly tightening the regional energy complex.TTF prices react to Qatar LNG halt”Europe was hit with the first strike to its energy supply chain after the Russian invasion of Ukraine and had to start diversifying its inflows from elsewhere. Now that Middle Eastern LNG is losing…
An analyst sees minimal risk to the company’s guidance and thinks shares have been overly punished by a broad selloff in the software sector.
Highlights include US NFP, Retail Sales, ISM PMIs, OPEC, EZ Flash HICP, ECB Minutes and Australian GDP Iran International SUN: OPEC Meeting MON: German Retail Sales (Jan), Final Manufacturing PMIs (Feb), US ISM Manufacturing PMI (Feb) TUE: Japanese Unemployment (Jan), EZ Flash HICP (Feb), US RCM/TIPP (Mar), UK Spring Statement WED: Australian GDP (Q4), Chinese NBS PMIs (Feb), Swiss CPI (Feb), Final Composite/Services PMIs (Feb), EZ Unemployment (Jan), PPI (Jan), US ISM Services PMI (Feb) THU: ECB Minutes (Feb); Australian Trade Balance (Jan), Swedish CPIF prelim. (Feb), EZ Retail Sales (Jan), US Challenger (Feb), Export/Import Prices (Jan), Weekly Claims…
OpenAI faces some user criticism over its new deal with the Department of Defense.
Transocean’s debt load has declined but the most important piece of news has so far been that of Transocean acquiring Valaris (VAL), its fellow offshore driller, that has been reporting positive profitability and is virtually free of debt. In this article, I will analyze what the future has in store for Transocean following the last transaction. Valaris acquisitionThe Valaris acquisition deal would close in the second half of this year. As a consequence, Transocean’s backlog will increase to $10 billion, thus making the company by far the largest offshore driller. This is essential for the company, given the fact that Transocean’s…